Sale Transaction

NavPoint Real Estate Group Sells 6,796 SF of Retail Investment in Castle Rock for $1,510,000

By July 9, 2019 No Comments

Castle Rock, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of 856 Happy Canyon Rd, a Retail Investment property currently configured as a bank, with high quality finishes throughout. This extremely attractive physical asset is part of the Village at Castle Pines, a beautiful Shopping Center on Highway 85 with high-quality construction and a great mix of retail, office, and medical users. This shopping center is just minutes north of The Meadows housing development, the Castle Rock Outlets, and The Promenade at Castle Rock, and is surrounded by incredibly strong demographics. The buyer was 856 Happy Canyon, LLC. The seller was Guaranty Bank and Trust Company nka Independent Bank. Matt Call and John Witt of NavPoint Real Estate Group represented the seller. According to Call, “856 Happy Canyon drew substantial investor interest due to its strong presence within the Village at Castle Pines Shopping Center, its meticulous design and finishes, as well as an enticing price from a motivated Seller. Each of these contributed to the rapid sale of this property.” Valerie Chalian of Red Umbrella Realty LLC represented the buyer. This transaction successfully closed in June 2019.